Historic Bitcoin Bottom Signal Just Triggered

Welcome back to Cryptos are Us. I'm George. We're all George. Happy Monday. Welcome to another market open stream. Today things are looking much better. The complete opposite of Friday when everything was in red. Today seems like everything is in green. So, we're off to a good start. What's driving today's rally? Simply relief bounce or is there more? And what about this historic Bitcoin bottom? Let's talk about it. Let's talk about everything today, guys. Let's do it. Let's do it, guys. Welcome, welcome.

So, we are starting our day right around 63,05. So obviously a little bit higher about 3% higher than yesterday. ETH is up about 4% sold up about 4%. We got a lot of good movers today. And uh you know what's not to like? You look at the heat map, you know, almost everything's in the green. If you look at the bubbles, you got some really green bubbles. [snorts] A lot of projects are up some hugely 9% 11% you know big moves today. So overall we're starting out the day quite well. If you look at the US market [snorts] uh futures market very green NASDAQ look at that plus 600 but that's a futures market. Now we have open. Look at that. We are starting out pretty good last week. Friday was definitely a big sell-off day led by Asia and we had a kind of like a little bubble pop on Friday with AI with tech. We had a lot of companies go down 8 n 10 12% in a single day. Let's see if that was temporary or not and they're going to come back today. It does seem like it. We did get a couple of good things. Number one, and I covered this yesterday, uh, you know, over the weekend, it seemed like, uh, Iran and Israel, they were fighting

again. And then one day later, now Iran's like, "Nope, we have stopped. " Uh, but then, you know, there's more talks about Lebanon and Israel. It's like you get one day where it escalates, another day they stop. It's like endless right now. Uh back and forth, back and forth. So it seems like whatever started yesterday stopped there. And I thought the Lebanon and Israel also were in ceasefire. That was reported last week. It's kind of uh it's kind of confusing. Every single day it seems like it changes. And oil was spiking up and now oil is coming back down. It's like uh what what's happening? Right. We just don't quite know yet. But I know one thing we're all looking forward to is having this to be over completely. Um, and for the US to basically get out, I don't think any anyone really understands or wants us to continue to be part of this. There may be, and I've hinted this before, there may be some 40 chess being played, although most argue that's not the case. But [snorts] you know in terms of diverting oil, oil trade, you know the supply chain all that definitely has been moved but at what cost? So yeah this is still ongoing but markets are trying to just ignore it now. I think most markets think that not just US market, Asian markets, markets around the world are basically anticipating that this is going to be over sooner than later. that's why they have been rallying but we would like to see the thing this whole thing be over with. Uh outside of that uh AI is still hot. Nvidia launches or Inks a

deal with a lot of these big giants in South Korea. In fact, South Korea, they had a big dump on Friday, but up until then, they had one of the biggest rallies because a lot of companies are being invested in South Korea because memory chip makers and just manufacturers, all these companies that are in robotics and AI have been skyrocketing. And of course, Nvidia does not want to miss out. one of the big reasons why he went there to ink all these deals. So, good for them. This AI thing, a lot of you guys may be thinking, well, it's just a giant bubble that can't sustain and will eventually fall and it's just like the dot bubble. It's it's not the same. It's not anything near the same. It's not going to go away. But like on Friday, what we saw the prices have gotten so high, valuations have gotten so high. We could definitely see corrections, major mini bubble bursts, but then it'll pick up and continue forward. It's not going to be like the dot bubble for sure. These guys are making money handover fist and demand is so high, none of them can stock anything at this point. So think about that. and SpaceX. I don't have anything new about SpaceX. But that IPO is coming out, I think, next week, not this week. It's either this week or next week. I forgot. I think it's next week. But that the demand for that is so high. All right. Now, moving back to crypto. We had one of our darkest weeks ever last week in terms of ETFs. Now, you we

normally don't see this In crypto winter, we have I mean, first of all, Bitcoin ETF hasn't been around that long. So, we've only experienced small stints of massive outflow, but last week was certainly one of them. Uh, according to this article, we had a record 1. 72 billion outflow. Actually, according to Ask Clash, we actually had more. We had minus 1. 85 billion. And we had only one day where we had plus 3 million. But you could see the massive outflows. And if you go 90 days uh or 30 days, it's even worse. Minus 4. 61 billion. And if you look at something like ETH, 875 million mostly red. Okay. So obviously [snorts] not good. And liquidity actually from yesterday we actually had a little gain but overall last seven days minus 3. 29 billion 30 days 4. 97 billion. So we had a lot of outflowing recently okay from the ETFs and from overall stable coin liquidity. So there's no doubt about it and we've talked about this, okay, within the last week or two. It has been rough. Fear FUD has been high. And of course, there's been a capital rotation, right? A lot of this is going into what I just talked about AI and tech and robotics and markets abroad and and even here, right? So there's no doubt about it. People are chasing the money and why shouldn't they, right? You chase what's the hottest. But the problem is most people FOMO and chase towards the top, right? And right now, Bitcoin, crypto, one of the biggest opportunities out there being at the levels that we are at even though we may be at a boring stage or a fearful stage. Really, it's not boring fearful stage when many, many, many people have gotten out, right? The thesis does not change the ethos of Bitcoin. what its purpose is as a store of value, as a medium exchange does not go away. And despite despite Sailor scaring the be Jesus out of people, right, in addition to all that I said, he decided to buy some more Bitcoin. So

this also came out last week and obviously it was during one of like the worst times ever where strategy sold 32 Bitcoin and still to this day we still have not gotten an answer. There hasn't been a recent interview or recent post about it, but he's trying to reassure people, hey, I'm not going to stop buying. I just bought 1,500, 1,550 more. So we increased our reserve and we increased our uh cash pile by 100 million to 1 billion. Okay. So I think people can breathe a little easier and uh and that's good. Here's the thing though. There are still a lot of people that have a lot of questions. Okay. on again the 32 bitcoin. If this was a plan all along to acquire more, why did you need to sell 32? How about you just buy a little bit less? Maybe you buy 15 and uh and was it 28,528 instead of 1550, right? that would have el eliminated a whole bunch of FUD. So what was the purpose of selling first causing all this massive panic and then now buying and you know that's what people are arguing about like Mr. Anderson saying I can't make sense of it right good hands capital why did he sell the 32 and people are still pointing out and this is one of the reasons why I don't hold micro strategy stock is because he sells you know stretch that's been a hot one or strike or strife or stride or as another option micro strategy in order to raise money to buy bitcoin which I think most people understand, but some people don't. So, this money actually came from Strategy selling their stock last week. That's how they were able to raise. They didn't actually sell any of these others. Okay. And uh and that contributed to it. You know, it was already weak, but it contributed to even a bigger sell-off of strategy last week. But in case you're wondering where he gets his money from, that's how he does it, right? But again, I think a lot of you guys know that. I've been talking about that a while. But there still no answer to 32. Was it a point? Was it just a test? Was there some purpose that we're not aware of? Because again, once you have done it once, it's much easier to do a second time, right? And the next time that he does it, is it going to be 320 Bitcoin? is gonna be 3,200 Bitcoin. [snorts] Everyone's gonna want to continue to everyone wants to know, right? So again, we don't know. But the good thing is he reassured I think the broader market that he's not going to stop. The strategy is not changing. But still some question marks, some asterisks out there. uh and Strive maybe just to make a point decided to buy 32 Bitcoin bought what

strategy sold and they have 1900 19,000 excuse me and they're sitting uh pretty nice pretty nice. So these treasury companies will continue to load up and continue to move forward. So overall good. Now, as for some of these bottom signals, man, we got so many of them. Here's one.

got we got so many of them. Here's one. Long-term holder MVRV is approaching zero. You don't really see this often, but you know, just look at it. uh there's a shortterm and long-term MVRV and during crypto winters both fall right during capitulation periods they fall and right now well my camera is kind of covering up but right now it just looks like we are on a bottom of 2022 bottom of 2019 bottom of 2015 looks identical. So this is one of them, but there are so many. You could just feel it. You could see it. The atmosphere, the FUD, right? A lot of it. Here's also trend line. And this is

interesting because according to this, and I've seen other people draw, and some people say, well, they just didn't draw the right lines. But here's a seven-year trend line that we're supposedly below. And you could see the only time this has happened before was during that COVID drop which we also did fall below and then we quickly recovered. So a lot of people are looking at this wondering if we're going to see the same thing right again part of that bottom signal. We have so many of these. these and a lot of it you can find on Ask Clash and I could show you guys a little bit more, but the data says it's cheap. Okay, The signals, the metrics, fundamentals, all say Bitcoin is cheap. But can we fall down more? Can we go back to 60K? And can we breach 60K and go below into the 50s? There's always a possibility, but we are definitely much closer to bottom than we are to top. This is the same point we were at the beginning of the year around March when we also hit $60,000 and we bounced off of it and looks like we have done the same thing again. So, this is turning out to be a major support. So keep in mind, I think overall there are still a lot of fearful people, a lot of people that are still looking at better opportunities out there. Okay? And I get that. And we're still facing a lot of tailwinds and headwinds at the same time. I get that. Okay? But what I also understand is this is part of a process. This is a process that always happens during crypto winters, during dark times where you weed out the weak hands versus the strong hands every single time. And the scenarios are always different. there's always some other kind of catalyst or some kind of shiny new thing that takes the attention away from people, right? I feel like it's just one of those opportunities right now or one of those times and there's plenty of opportunities right now to continue to load up or at least hold. But if you can load up cheap Bitcoin and cheap crypto that you believe in, right? So that's what's happening right now. But we'll see this week what happens. So I mentioned about supply, you know, liquidity, right? But if you look at it also exchange supply for Ethereum, for Bitcoin, for soul has all dropped. So that's also positive, right? These are positive things that's happening. You got like 500 million USDC

being minted today. That's pretty positive. So money is flowing back in. You got a lot of short squeezes in play. That's positive. In fact, if you look at the liquidation heat map, okay, most of the liquidations from the past 24 hours are with the shorts finally. So, we got about 600 million if you look at the last 24 hours. And 454 million of that is on the short side for Bitcoin, for ETH, for Soul, Hype, World Liberty, and not World Liberty, Worldcoin, and others. So again, good stuff. I mean, leverage is getting wrecked from leverage is never good, but it's good to see that we're getting some on the short side. And if you're looking at overall, okay, this is on the week. If you look at the liquidation heat map

we got a lot of levels to the upside, right? That could definitely get us back there because the market makers love to move Bitcoin towards those liquidation levels. We got a lot of them up here. There's a 67,000 right here. Here's and all this from 60,000 67,000 leading all the way up to like 68,000. You can see the heavy concentration there. So, we could definitely and we're definitely moving to the upside. So, we could definitely move up there and clear out a lot of the leverage there. Lot of leverage. You could see on the side here, hundreds of millions waiting to be liquidated on the short side if we trend higher, right? And I do think that's what it's looking like. Now the question is after we liquidate those people at 67 68 can we climb back to the 70s like 73 we were at 73,00074,000 just a week before and a week before that we were in the 80s right things moved really quickly to the downside. But who's to say we can't move really quickly back to the upside. All right, this is pretty much it. Let's see. US market is still green. Not as green as before, but still green. NASDAQ plus 300. Okay. Heat map bubbles. Still green. Looking good. uh some of the charting here like the lower time frames looking good. Things are breaking upwards. We're breaking above a lot of the moving averages, the indicators on a shorter time frame. This is indicating 64,000 is a upand cominging hurdle. If we could break 64,000, it could definitely open up more. So, things are looking quite good this morning, but of course, could be better.

All right, let's do some Q& A. Is Cat a better player than Webby? No. We got flustered. Let's see what he if he could bounce his back. He's a young guy. It's only a year three for him. He got flustered. So far, he's been flustered uh in the finals. Okay. I don't know if he could pull it back. back down 02 and [snorts] the Spurs win in six or seven, let's say, that would be amazing. That would make this championship probably one of the best of all time if he could do it. But the team is young. They don't have that veteran leadership right now. So, I don't know if they could do it. It looked like they could. They defeated OKC like pretty easily, but Knicks and Brunson playing on a different level right now. Did I see Trump's meltdown? I kind of saw it. You know, I get it sometimes. You know, as a president and doing interview, you shouldn't have a meltdown, but I get it. Sometimes you're just in a bad mood. You're pressed the wrong way. Your buttons are being pressed. And uh yeah. Do I think pole is dead? Uh, it's never really dead, but will it go back to its previous highs? Uh, I would say probably not at this point. But can it revive itself? Yes. And as long as Poly Market is on it, yes. Things never really die guys, okay? They don't in crypto. Best case scenario. Soul is up 4% today. EA 4% today. I mean slow recovery from just a few days ago, but nevertheless still a recovery. as someone who lives in LA. So disappointed in mayor's race. I wanted Pratt, but we will see. I saw some of his ads. They're really good. Is he not winning? I haven't I obviously I haven't been following uh LA mayor's race, but I saw some of his ads and some of his debates and it seemed like he is a good candidate. Lots of green today. Hype is doing very well. 9% today. Doge. Just got done talking about Doge plus 3%. Someone says Doge is down. Yeah, everything's down, but Doge is still top 10 at 11 billion. That's where I want Clash to get to someday. Um, but despite being down, it's still top 10, which is bonkers. You got chain link, Zcash coming up. Zcash had a big fall. Okay, big fall [snorts] because uh there was a vulnerability that was found, but a lot of people still believe in it. — [snorts] — near having a really good day plus 16%. They also had a big fall too after uh Arthur Hayes is just like wrecking people with his buys, man. Buys and sells. People just follow him like crazy. like he sold near and I forgot what I think Zcash 2 or something sold them they dumped he got into worldcoin a day later he sold it and it dumped it's like people are following him way too much [snorts] I still think worldcoin could be interesting because of Sam Alman because of open AI, but I'm not sure right now. It's being like it's being manipulated very much. So, — [snorts] — He's so near and hype. Yeah, that's what it is. But hype is doing hype regardless is doing well and will continue to do well because they just have a lot of traders a lot. They collect a lot of fees. They have a good flywheel effect where they use the fees to buy more hype and it keeps going. The problem is hype and others are causing a lot of people to get wrecked with their leverage. You know, a lot of people in this crypto winter have lost 8 n figures, right, due to leverage. Now, you could say they made those num they made eight nine figures, seven, eight, nine figures in the bull last year. But they lost it all and more. Um it's like what happened to like James Win and all these guys, right? Like I have no idea. Last time I heard he lost at all several times. I don't even know if he can continues to play with leverage. Uh it's a dangerous game. So I I really hope in the future you got like hype and maybe Binance and others come out and say we're go limit it. We're not going to offer 100, 200, 500x leverage. Let's just do conservative like one to five or maybe 10 max. But you know, anything outside of that is just being ultra irresponsible. You're selling drug addicts like basically more drugs with these leverage and they keep upping it too. So, it's like trying to get people a quicker high but killing them instantly. Um, that's what it is. Like Aster, someone told me Aster came out with like 1,000x leverage or something like that. I mean, that's just ridiculous. Uh, why doesn't ask Clash work in Europe? It doesn't. It does. Does it say it doesn't work in Europe? I have uh I'll turn on my VPN and try it, but that's the first time anyone has told me that. — [snorts] — still doing pretty well. Let's see. Stocks. I mean, decent recovery. Nvidia, Apple up, Amazon up slightly. You got TSMC uh up 3% MU Micron up 7% today. They had a nasty fall on Friday. You got Intel up 8%. It's funny when you do a AI like sort versus all. It's pretty much the same list because they're the biggest ones out there. Um, there's a lot in here that I've never heard of before. I know Meta is really struggling right now. Meta has no traction. Look at Meta. Look at day, 7day, 30-day, 90day. Okay. all red versus all these others, you know, pretty much all green with the exception when maybe like 7day or something, right? Like Nvidia up, Apple up, Google up, Amazon, I mean Broadcom, MU, AMD, Oracle, ASML, Intel, all these up 90 days except Meta. Zuck has a real problem. He can't do anything innovative. All he does is try to copy and buy and it's not working. I'm hearing that they're running out of money. In fact, they're not They ran out of money and they're trying to sell I think last time I heard they're trying to sell shares to raise money for more AI. like he has spent so much money on metaverse has never paid out lost billions upon billions every year now transitioning to AI which he is very late in he spent billions to acquire this team to try to create this new LM still has not released it still is not selling it and they're just falling more and more behind Pretty soon they're go change their name again from Meta Platforms to Meta AI or something. Leadership is important. But again, you know, Zuck is one of the richest people on the planet. Meta is still one of the biggest companies on the planet. Top 10, right? So grand scheme of things, he's doing just fine and he's still a very young guy. But compared to the other tech companies, they are definitely trailing and losing. But you know, he has enough money and time to turn things around. I do hate going on Facebook though, you know. I know a lot of women and wives, you know, still go on and put pictures of their kids and stuff, which is good. But every time I like my timeline is nothing but ads on Facebook. It's just ads of random stuff that I've never opted into. who I've never looked at before. Just random ads. You have to keep on clicking. Not interested. I can't even see people that I'm following their stuff. 90% of my timeline are just ads and suggestions of things that I never had interest or never clicked on. So, Facebook itself is like I don't know what happened. Like, I could see why so many people are turned off by it. [snorts] Yeah, I use it for marketplace. That's about it. I think that that's uh actually really useful. It's better than Craigslist for sure. I don't even know if you people still use Craigslist. And Facebook is offering marketplace for free. If they were smart, they just like charge like a dollar per listing or something. They'll probably get them hundreds of millions of dollars just from that. Um, but I guess they just want to eat away at Craigslist. — [snorts] — Well, something exciting that uh that I will be introducing very soon, either today probably or tomorrow, is agents on Ask Clash. And I've been working on this all weekend. And this is actually really good. We got four features that'll be coming up that you guys will all love. There's no reason why you guys would not love it. You got momentum radar. I think that's going to be a huge thing. You can actually go through and it will ask you like what do you want to know about a certain crypto, a certain category like AI or you want macro, right? Like anything that you want. It could build a really comprehensive report for you. It'll do the research for you. It'll tell you the momentum based on [snorts] like reversal signals or volume or the highest momentum movers and it can generate a report once time one day one time every day every week and it'll do that for you. And you could do it with other things too. But that's like a really differentiator. No one's going to have that. But you could also use this for research on any particular project. It'll go in depth and look at every single point there is. And you could also have it update you every single day if you wanted to. Uh portfolio architect is going to be massive too. uh it will help you reallocate and give you suggestions on how to build a portfolio maximizing like basically what you want, right? If you want to go in AI, you have no idea. And this could be crypto and stocks, it could help you with that. It can help you with your risk tolerance, whether you want to be conservative or if uh more risky, more aggressive, it can help with that. I mean, these are truly using agents to help you do these things. And it's not just one time. It's based on a schedule. So, it's going to be really different. It's different than everything else on ask class right now, which is more like, you know, like a format that you see, which what we're all comfortable with, more like tools with AI layered on. These are actually using AI agents to actually do them. So be really good, really good. And then after this, we'll see after this I may introduce actually coding agents because I've been really been hammering on that. For those of you guys that do coding um or want to get into coding, I fig I figured out one of the biggest problems is anyone could pick up quad code or codeex and start coding, but the problem is the infrastructure. Most people don't know where to host something. hosting on your own computer is like the worst thing you could do unless it's just like a pet project. But hosting on like a VPS, you know, or hosting your database somewhere or, you know, even if you wanted to create like a web page, you need to host it somewhere and make sure that the networking is right, the SEO is right, and all that stuff. People don't want to deal with all that stuff, right? So if I do come out with coding agents, it's going to come with like an environment where it can just live on. So then you could say create a website for my business, whatever business it is, and it'll just spin up and I'll start running and you don't have to do anything and I'll just permanently live there. So that's the next thing after this that I want to build and um I think that's going to be really cool. Then I could basically build anything for you. Three days ago. Three minutes ago. Here we go. CPI Wednesday. [snorts] CPI Wednesday and I'm pretty sure PPI is on Thursday. So, two big inflation readings um this week. All right, guys. I'll let you guys go. Overall, today is a good day. Good day for once, right? We're coming up a little bit. Doesn't mean that we're, you know, fully recovered. I understand that the fear level is still high. There still can be more capital rotation out. But today, we got some good signs. Sailor bought once again. strategy bought once again. So that's good. Fundamentals are still good. We got a lot of metrics, a lot of signals and indicators showing. Of course, we are at bottom or close to bottom and the opportunity is there if you want to take advantage of it. And of course we got geopolitical stuff like Iran again in ceasefire with Israel and uh the escalation have stopped. So that's also good. A lot of good stuff. All right guys, enjoy the rest of your day. Smash a like, subscribe to the channel, and uh and go ahead and use ass clash as much as you can. All right, take care, guys. Bye-bye.